Multiple Choice
On January 1,Able Company purchased equipment costing $195,000 with an estimated salvage value of $15,000,and an estimated useful life of eight years.What is the amount that should be recorded as depreciation on December 31?
A) $22,900
B) $26,250
C) $22,500
D) $195,000
E) $180,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q48: A company paid $6,000 for a six-month
Q53: The accrual basis of accounting is a
Q81: Western Company had $500 of store supplies
Q83: On December 14 Bench Company received $3,700
Q92: The length of time covered by a
Q135: The difference between the cost of an
Q136: When expenses exceed revenues, there is a
Q246: An adjusting entry was made on
Q247: Calculate the current ratio in each
Q249: If a company failed to make the